The Financial System Is Broken & Corrupt. Big Banks Are Crime Gangs. Obama Is Backing De-Criminalization Of Fraud, & Doesn’t Want To Create Jobs, But Instead Wants To Reduce Wages By 30%

Prominent economist Michael Hudson explains that the financial system is so fundamentally broken and corrupt that the message of the Occupy Wall Street protesters can’t be reduced down to a handful of “technocratic fixes”.

Hudson also said:

Banking should be a public utility;
Bank of America, Wells Fargo and Citibank are crime gangs;
Obama is backing de-criminalization of fraud;
Obama doesn’t want to create jobs, instead, he wants to reduce wages by 30%;
Geithner is just a bank lobbyist, and shouldn’t be in charge of treasury.